‘Grossing Up’ and ‘Seller Concessions’: Advice for Sponsors

March 04, 2019

Author(s): Erica F. Buckley

Reprinted with permission from the March 4, 2019, edition of the New York Law Journal © 2019 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited.

Question: I am a sponsor of a new construction condominium in New York City. I have received mixed messages on whether “seller concessions” and “grossing up” are permissible. Can you explain what is legal under the Martin Act?

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